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Blog Tags: payments

Posted: Tuesday,March 17,2015

Losses due to fraud, specifically mobile, are staggering. As we’ve previously written in this blog, for a large company with approximate revenues of $2.5 billion, the average loss due to mobile fraud is $92.3 million, or roughly 3 percent of revenues. Some companies reported that they have lost as much as 25 percent of revenues due to mobile fraud. These findings were part of a study conducted by TeleSign and RSA last month.